ABA Journal

Corporate Law

2753 ABA Journal Corporate Law articles.

The new frontier of health care is here, but will DNA privacy be lost?

Advocates are concerned about the privacy of data collected by genetic testing companies; what control consumers have over their DNA data once it’s been submitted to 23andMe and other genetic testing firms; and what recourse consumers have if companies’ assurances of privacy prove unreliable.

BigLaw partner is charged with securities fraud in connection with alleged Ponzi scheme

Baker, Donelson, Bearman, Caldwell & Berkowitz health care partner Jon Darrell Seawright has been charged along with a former lobbyist at the firm for their roles in an alleged Ponzi scheme involving fake timber purchases.

Plaintiffs law firm kicked off securities class action for failing to disclose client’s investment in short position

Plaintiffs law firm Robbins Geller Rudman & Dowd has been kicked off a securities class action alleging that investors lost money when a Mexico-based media company concealed a scheme to bribe soccer officials for broadcasting rights.

Legal malpractice payouts are the highest on record, insurance broker reports

Payouts for legal malpractice claims are at an all-time high, according to a new survey by insurance broker Ames & Gough. Ames & Gough surveyed 11 leading legal malpractice insurers about claims paid from 2019 to the middle of 2020.

Fee applications in Boy Scouts bankruptcy exceed $100M; judge calls total ‘staggering’

The court overseeing the Boy Scouts of America bankruptcy case has appointed an examiner to review fees that have become a point of contention.

Afternoon Briefs: NRA bankruptcy petition tossed; prosecutors say man imprisoned for over 40 years is innocent

Judge tosses NRA bankruptcy petition

U.S. Bankruptcy Judge Harlin D. “Cooter” Hale of Dallas has dismissed a Chapter 11 petition filed by the National Rifle Association in its bid…

California bar entered $3.8M contract with ExamSoft without justifying value, auditor report says

When the State Bar of California selected ExamSoft as the software provider for its October 2020 remote bar exam, the test was administered appropriately, but the bar did not follow a procurement policy for outside vendors, according to a state auditor report.

Afternoon Briefs: Judge denies QAnon connection; investors sue over ‘Voltswagen’ prank press release

Pennsylvania judge denies any QAnon connection

A Philadelphia judge running for the Pennsylvania Supreme Court is denying any connection to QAnon and its conspiracy theories. Judge Paula Patrick told the…

3 BigLaw firms will give back $1M in Purdue Pharma legal fees in settlement with trustee

Three large law firms have agreed to reduce fee applications by $1 million in their bankruptcy representation of Purdue Pharma, the maker of the prescription pain medication OxyContin, after the U.S. trustee alleged a failure to disclose a common interest agreement.

New SEC enforcement chief abruptly resigns after judge questions ‘unhinged’ claim in BigLaw case

The U.S. Securities and Exchange Commission’s new enforcement chief, Alex Oh, abruptly resigned Wednesday after a federal judge said he was considering sanctions for a claim that she made about her opposing counsel's demeanor before she left her BigLaw firm.

Lawyer wrongly cited golden rule, court says in overturning $1.1M verdict in suit against Fetty Wap label

A New Jersey appeals court has overturned a $1.1 million verdict against the record label for rapper Fetty Wap partly because the plaintiff’s lawyer asked jurors to put themselves in his client’s shoes when awarding damages.

Manage your bankruptcy law practice with this software

Case management software for bankruptcy lawyers has been a burgeoning legal software category for a number of years, and there are now a few products available that cater to this practice area, writes lawyer Nicole Black of MyCase.

Ruling in payday loan case, Supreme Court curbs ability of FTC to obtain restitution

The Federal Trade Commission will have to follow a more cumbersome procedure to obtain restitution or disgorgement as a result of a unanimous U.S. Supreme Court ruling Thursday.

3 Democratic lawmakers call on Barrett to recuse herself in donor disclosure case

Three Democratic lawmakers are asking U.S. Supreme Court Justice Amy Coney Barrett to recuse herself in a First Amendment dispute because a group related to a plaintiff launched a seven-figure ad campaign in support of Barrett's Supreme Court confirmation.

After name partner goes missing, lawyers get no paychecks; clients allege millions of dollars in lost funds

Legal woes are mounting for Kossoff name partner Mitchell Kossoff, who is facing lawsuits from clients alleging the theft of millions of dollars in escrow funds and the resignations of multiple lawyers from his New York City real estate law firm.

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